General Motors (NYSE:GM) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374,524 shares of the auto manufacturer’s stock after purchasing an additional 40,631 shares during the period. Banco Santander S.A.’s holdings in General Motors were worth $16,794,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Swedbank AB acquired a new position in shares of General Motors during the 1st quarter worth $159,750,000. Jennison Associates LLC boosted its holdings in shares of General Motors by 123.1% during the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer’s stock worth $144,655,000 after purchasing an additional 1,779,897 shares during the last quarter. Artemis Investment Management LLP grew its holdings in General Motors by 581.4% in the 3rd quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock valued at $71,827,000 after buying an additional 1,366,768 shares during the period. Dimensional Fund Advisors LP grew its holdings in General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after purchasing an additional 1,091,137 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of General Motors by 3,333.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 783,340 shares of the auto manufacturer’s stock worth $36,394,000 after buying an additional 760,523 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GM has been the subject of a number of research analyst reports. Wedbush increased their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Nomura cut General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target on the stock. in a research note on Monday, August 5th. UBS Group increased their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $53.00 price objective on shares of General Motors in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.92.

General Motors Stock Performance

Shares of GM opened at $54.93 on Thursday. The stock has a market capitalization of $60.40 billion, a P/E ratio of 5.85, a P/E/G ratio of 0.42 and a beta of 1.40. General Motors has a 12-month low of $27.83 and a 12-month high of $59.39. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm’s 50 day moving average is $50.31 and its 200-day moving average is $47.53.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. Equities research analysts anticipate that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.87%. General Motors’s payout ratio is presently 5.12%.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at $489,942.36. This represents a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,036,653 shares of company stock worth $56,710,175. 0.72% of the stock is owned by company insiders.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.